The Best Dressed Chicken, a division of Jamaica Broilers Group Limited, has announced a $12.50 per kilo cut in prices for The Best Dressed Chicken Grade-A whole bird and mixed parts.

The new prices will come into effect on Thursday, August 18, 2022.

The company says this is a result of improvements in global marketing conditions, including increased stability in the grain market, stabilisation of the foreign exchange rate and reductions in containerised shipping costs.

“It is a very good economic signal that we are able to implement a price reduction at this time. As always, we will continue to review our prices as conditions evolve,” said Christopher Levy, president and chief executive officer of Jamaica Broilers Group said in a statement.

In January, Jamaica Broilers announced a 10 per cent price increase on its products .

READ: Chicken prices soar again

“Well, I think what’s happening is that we have continued cost increases across the entire operation, including corn, soy, and a lot of other raw materials which have been impacted. Jamaica is a price taker on a lot of things,” Levy told Jamaica Observer at that time.

The COVID-19 pandemic, coupled with the ongoing Ukraine-Russia war, has significantly impacted global shipping, resulting in delays and increased prices.

The war has also significantly affected global grain distribution.

Ukraine and Russia account for a third of global wheat and barley exports.